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POPULAR NEWS
Gold ends lower, suffers a weekly loss as bond yields rise

Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb. Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August. December gold on Comex lost $7.90, or 0.5%,...

U.S Stocks End Mostly Lower as Dow Extends Seven-Day Streak of Gains

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day. The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177. The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...

Hong Kong Shares End Week With Sharp Gains

Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69. Source : AFP

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month. The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.    On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking...

Oil logs a weekly loss amid worries about rise in supplies

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to settle at $54.85 a barrel on the New York Mercantile Exchange”for a roughly 3% weekly decline, according to Dow Jones Market Data, tracking the front-active contract. November Brent crude ...

ECB Leaves Benchmark Interest Rate Unchanged at 0% as Expected
Thursday, 25 July 2019 19:03 WIB | FISCAL & MONETARY |Bank Sentral Eropa ECB

At its monetary policy meeting held today, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40%, respectively. Attention now turns to ECB President Mario Draghi's press conference at 12:30 GMT.

With the initial market reaction, the shared currency gathered strength against its peers and was seen trading at 1.1155 against the USD, rising 0.12% on the day. Below are some key takeaways, via Reuters, from the ECB's policy statement.

"ECB expects interest rates to remain at their present or lower levels at least through the first half of 2020, and in any case for as long as necessary to ensure continued sustained convergence of inflation to its aim over the medium term."

"ECB intends to continue reinvesting, in full, principal payments from maturing securities purchased under app for an extended period of time past date when it starts raising interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation."

"Sees the need for a highly accommodative stance of monetary policy for a prolonged period of time, as inflation rates, both realised and projected, have been persistently below levels that are in line with its aim."

"Stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner."

"If medium-term inflation outlook continues to fall short of its aim, ECB is determined to act, in line with its commitment to symmetry in inflation aim."

"In this context, ECB has tasked relevant Eurosystem committees with examining options, including ways to reinforce its forward guidance on policy rates, mitigating measures, such as design of a tiered system for reserve remuneration, and options for size and composition of potential new net asset purchases."

"President of ECB will comment on considerations underlying these decisions at a press conference starting at 14:30 CET today."

Source : FX Street

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POPULAR NEWS
Gold ends lower, suffers a weekly loss as bond yields rise

Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb. Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August. December gold on Comex lost $7.90, or 0.5%,...

U.S Stocks End Mostly Lower as Dow Extends Seven-Day Streak of Gains

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day. The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177. The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...

Hong Kong Shares End Week With Sharp Gains

Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69. Source : AFP

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month. The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.    On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking...

Oil logs a weekly loss amid worries about rise in supplies

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to settle at $54.85 a barrel on the New York Mercantile Exchange”for a roughly 3% weekly decline, according to Dow Jones Market Data, tracking the front-active contract. November Brent crude ...

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